KWD: Holding Steady

After having broken through medium-term resistance at the KWD0.2785/USD level and reaching a two-year high at KWD0.2758/USD at one point on February 2nd, the dinar has retraced back to its KWD0.2790-0.2800/USD range, where we expect it to remain in the short term. Nevertheless, we can't dismiss the possibility of the dollar weakening further, particularly given the prospects for a rate hike from the European Central Bank (ECB) and a the fact that a rate hike from the Federal Reserve's Bank seems unlikely.

To read the full article, please choose one of the following options: